Total tax paid
₱ 296
Did you know your employer also pays tax on your salary? It costs the employer ₱ 166 to pay you ₱ 1,051. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.81 goes to the government.
Real tax rate
24.3%
So, with you and the employer both paying tax, what used to be a 12.4% tax rate now rises to 24.3%, meaning your real tax rate is actually 11.9% higher than what it seemed at first.